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From empty hotels to shuttered beauty salons, oil-dependent Saudi Arabia is bracing for a coronavirus-led economic slump on top of possible austerity measures as crude prices go into free fall. Huge losses are expected after the Arab world?s biggest economy shut down cinemas, malls and restaurants, halted flights, suspended the year-round umrah pilgrimage and locked down eastern Qatif region ? home to around 500,000 ? in a bid to contain the deadly virus.
KARACHI: Overall 863 samples were tested in the Sindh province for coronavirus and of them, 38 tested positive in Karachi while the remaining 143 confirmed cases were of the pilgrims who arrived from Taftan border in Sukkur, bringing the total provincial tally to 181, ARY NEWS reported. The figures were given during a briefing to the task force meeting of the Sindh province chaired by Chief Minister Syed Murad Ali Shah and attended by Mayor Karachi Waseem Akhtar, provincial ministers and other officials.
Zara Noor Abbas, Sajal Ali look stunning in THESE photos Zara Noor Abbas shares a great bond with newly-wed star Sajal Ali, who she has been friends with for over a decade. Recently, Zara Noor Abbas wrote a heartwarming note for her best friend Sajal Ali and today she shared adorable photos from Sajal?s wedding on Instagram.
US President Donald Trump addresses his administration?s daily coronavirus briefing at the White House in Washington, US, March 17, 2020. REUTERS/Jonathan Ernst WASHINGTON/NEW YORK: The Trump administration pressed on Tuesday for enactment of a $1 trillion stimulus package ? possibly to include $1,000 direct payments to individual Americans ? to blunt the economic pain from a coronavirus outbreak that has killed over 100 people in the country.
A stockbroker monitors share prices at the Pakistan Stock Exchange (PSX) in Karachi, Pakistan, March 13, 2020. AFP/Asif Hassan The State Bank of Pakistan (SBP) has introduced three key measures to facilitate the coronavirus-hit Pakistani economy and encourage investment at the same time. In a press release issued Wednesday, the central bank said the measures ? including the policy rate cut yesterday ? were aimed at tackling "the economic and health challenges posed by the spread of COVID-19", or the novel coronavirus.
Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Photo: AFP HONG KONG: Despite the assurances of stimulus packages by multiple countries due to the coronavirus the Asian markets remained bearish as investors struggled to build on an early rally.
Brad Pitt has been asked to also follow suit and become part of Instagram A handful of names in Hollywood who kept themselves away from social media, have started jumping on the bandwagon with their Instagram debuts. And now the world keenly awaits A-lister Brad Pitt to also follow suit and become part of the platform that will directly connect him to the colossal fan base that he boasts of.
German police stand on the German-Danish border crossing near Froslev, Denmark, March 16, 2020. Ritzau Scanpix/Claus Fisker via REUTERS/Files COPENHAGEN: Public crowds of more than 10 people will be banned in Denmark starting Wednesday at 10am local time in a move to curb the spread of coronavirus, the country?s prime
German Chancellor Angela Merkel. Photo: File BERLIN: The European Union will impose an entry ban on travellers from outside the bloc for 30 days to battle the spread of the coronavirus, German Chancellor Angela Merkel said on Tuesday. Member states "agreed to impose an entry ban" into the bloc, with only nationals of EFTA countries and Britain exempt from the restriction, said Merkel.
US President Donald Trump. Photo: File WASHINGTON: US President Donald Trump on Tuesday called for a unified national response to the coronavirus threat, after coming under fire for downplaying the pandemic and allowing states to go their own way. Trump's call came as Treasury Secretary Steven Mnuchin said the White House was presenting a massive economic stimulus plan to Congress and was looking at sending direct payments to all Americans, as well as aid to embattled airlines.